April 17th News: On April 17th, Shandong Huifeng Petrochemical Co., Ltd. announced the latest ex-factory price for propylene, which was reduced by 350 yuan per ton to 9,050 yuan per ton. Chempricehub's analysis of propylene indicates a bearish score of -1.5. The reduction in Shandong Huifeng Petrochemical's ex-factory propylene price by 350 yuan per ton to 9,050 yuan per ton reflects an oversupply in the spot market or weakening demand, directly signaling significant bearish pressure. Combined with yesterday's propylene futures data from the Zhengzhou Commodity Exchange (e.g., the closing price of the 2605 contract at 8,800 yuan per ton, up 77 yuan), the decline in spot prices may transmit to the futures market through supply-demand linkages, suppressing the upward momentum of futures contracts. It is expected that short-term futures prices will face downward pressure.